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BharatBenz, iQuippo tie-up to provide digitalised solutions to pre-owned CV customers

Daimler India Commercial Vehicles (DICV), the subsidiary of Daimler Truck AG (Daimler Truck), announced a strategic partnership with iQuippo to offer digitalised solution for customers of pre-owned BharatBenz commercial vehicles

BharatBenz, iQuippo tie-up to provide digitalised solutions to pre-owned CV customers

iQuippo is India's leading physical and digital marketplace for preowned vehicle sales

Auto component industry grows 32.8% in FY2022-23

The turnover of the automotive component industry stood at Rs 5.60 lakh crore for the period of April 2022 to March 2023.

Indian auto component industry grows 32.8% in FY 2022-23

Sales to OEMs grows 39.5% on back of strong growth in vehicle sales

Mahindra Group inks pact with Volkswagen to expand EV range

India's Mahindra & Mahindra has planned to get additional components from other firms to expand its electric vehicle (EV) range.

Mahindra Group inks pact with Volkswagen to expand EV range

India's Mahindra & Mahindra has planned to get additional components from other firms to expand its electric vehicle (EV) range

Budget spurs order books

The Budget 2021 has won the approval of its utmost critics with most giving it a thumbs up. Infrastructure is the mantra for 2021-22 as the Finance Minister proposed to significantly enhance capital expenditure to Rs 5.54 trillion in the next fiscal, besides creating institutional structures and giving a big thrust to monetising assets to achieve the goals of the National Infrastructure Pipeline (NIP), which was launched in December 2019 with around 6,835 projects.

Auto component industry turnover down by 11.7 per cent in FY 2019-20

The turnover of the automotive component industry stood at Rs 3.49 lakh crore ($49.2 billion) for the period April 2019 to March 2020, registering a de-growth of 11.7 per cent over the previous year

DICV enters used CV segment with ‘BharatBenz Exchange’

Daimler India Commercial Vehicles (DICV) announced the launch of ‘BharatBenz Exchange’, its new offer to the used commercial vehicle segment.

ACMA seeks relief measures for component industry to withstand COVID 19 impact

The impact of coronavirus over the industry, people and the economy is a grave concern.

VE Commercial Vehicles posts 55 per cent growth in vehicle sales

VE Commercial Vehicles Ltd sold 4,916 units in November 2017 as compared to 3,174 units in November 2016, recording a growth of 54.9 per cent. This includes 4,727 units of Eicher brand and 189 units of Volvo brand.

CV sales in July see double-digit growth

Leading commercial vehicle (CV) players witnessed double-digit growth in sales during July 2017. Tata Motors reported a 15 per cent growth in sales of commercial vehicles at 27,842 units. According to the company, a ramp-up of BS-IV production.

Truck sales up

According to an ICRA report on commercial vehicles industry, the M&HCV (Truck) sales will continue to expand at steady pace (up 24.6 per cent).Replacement demand and improving viability of fleet operators are driving the M&HCV sales.

AMW Motors appoints dealer for eastern UP

AMW Motors announced the appointment of Mehrotra Automobiles as its sales and service dealer for Eastern Uttar Pradesh - Allahabad, Pratapgarh, Sultanpur, Chitrakoot, Kausambia, Jaunpur, Varanasi, Sonbhadra, Gazipur, Mirzapur, Chandauli and Bhadohi.

AMW dealer in Bangladesh

AMW Motors (AMW) announced the appointment of Uttara Motors as its dealer for Bangladesh. It will provide customers a full range of services including vehicle sales, maintenance and repair and spare parts support. Uttara Group of Companies is one of the leading industrial, trading and agency houses in Bangladesh. It is also the largest dealer of automobiles in the country, representing leading Indian and Japanese automobile companies.

AMW appoints dealer in South Chhattisgarh

AMW Motors (AMW) has announced the appointment of Zee Autoplaza as its dealer for South Chhattisgarh. Zee Autoplaza is based in Raipur and will provide customers a full range of services including vehicle sales, financing assistance, maintenance and repair, spare parts support including a 24x7 call centre. Zee Autoplaza will be responsible for growing AMW?s business in the South Chhattisgarh region that includes Raipur, Mahasamundh, Tilda, Balodabazar, Bhatapara, Kawardha, Bemetara, Durg, Bhilai

AMW appoints dealer in Bhopal

AMW Motors announced the appointment of Ananya Automobiles as its dealer for Bhopal, Madhya Pradesh. The new facility will provide customers a full range of services including vehicle sales, financing assistance, maintenance, and repair, spare parts support including a 24x7 call centre. A Ramasubramanian, President, AMW and Gagan Gupta, Managing Director, Ananya Automobiles inaugurated the facility. Ananya Automobiles is part of Ananya Engineering, which has been in the business of construction

Tata Motors ups share in construction, mining

Tata Motors expects a modest growth in the construction and mining sectors in the fourth quarter of this fiscal, or early next fiscal. Addressing reporters at Excon 2013, CII?s construction equipment expo, Vinod Sahay, who heads sales and marketing of medium and heavy commercial vehicles at the company, said that currently the industry is in a slowdown phase

We expect to add another 6-8 retreading plants in the next three years

In India, there is no incentive for retreading. In fact, we are burdened with VAT and service tax, says Karun Sanghi, Managing Director, Tyresoles India. Excerpts from the interview.

Commercial vehicle sales slip

Sales of medium and heavy trucks fell 30 per cent in November, the steepest fall seen since the height of the global financial crisis in 2008-09, as slowing industrial activity, curbs on mining and delays in infrastructure projects force buyers to postpone purchases. The trucks segment has suffered deeply due to a stagnant economy and slumping industrial activity with truck purchases at its lowest since March of 2009, despite the highest ever discounts of Rs 40,000 to 1.75 lakh.

Religare enters CE Financing

Within a period of two years, Religare has built a customer base of over 12,000 and a portfolio of Rs 1,500 crore, plus a collection efficiency of over 99.5 per cent.

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